All you need to know about PAN Card 2.0: The 10-digit alphanumeric Permanent Account Number (PAN), issued by the Income Tax Department, has long been a crucial financial document, in addition to being an identity proof.
PAN 2.0 aims to enhance the user experience, align with technological advances, and modernise taxpayer registration through e-governance.
The QR code function, which was introduced in 2017-18, helps to validate the PAN, will be enhanced further in PAN 2.0.
The initiative also intends to establish a “mandatory PAN data vault system” for all entities that use PAN data, including financial institutions, government agencies, and federal and state government departments, through an online validation service.
According to an official release, the initiative would enable a technology-driven transformation of taxpayer registration services, hence improving access and service delivery.
The Union Cabinet approved the PAN 2.0 initiative last year to make it the “single source of truth and data consistency”; the Income Tax Department has been rolling out the updated PAN Card 2.0.
PAN Card 2.0: Is it mandatory to reapply?
It’s crucial to note that existing PAN cards would remain valid under PAN 2.0, and there will be no changes in the alphanumeric PAN, according to FAQs provided by the Finance Ministry.
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As a result, existing PAN holders don’t have to apply for the new card; however, they can upgrade their PAN for free along with PAN allocation, updates, and corrections.
PAN Card 2.0: Key features and benefits
- A unified portal to simplify all PAN/TAN-related services
- Eco-friendly, paperless, fewer processes to reduce paperwork.
- PAN will be issued free of cost, with quicker processing times.
- Personal and demographic data will be protected through enhanced security measures, including a PAN Data Vault.
- A dedicated call centre and helpdesk to address user queries and issues.
PAN Card 2.0: Documents required
To apply for the upgraded PAN Card 2.0, certain essential documents are to be submitted as a set for verification.
All the documents should be current, accurate, and comply with official guidelines to prevent processing delays and facilitate a hassle-free application process.
- Identity Proof (PoI):
This document verifies your identity. You can submit any one of the following:
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- Address Proof (PoA):
This is used to confirm your residential address. One of the following documents will be accepted:
- Recent Bank Statement (typically from the past 3 months)
- Valid Rent Agreement (if applicable)
- Latest Utility Bills (electricity, water, or gas bills from the past 3 months)
- Aadhaar Card (if it reflects your current address)
- Date of Birth Proof (DoB):
To validate the date of birth, any one of the following documents:
- Birth Certificate
- School Leaving Certificate
- Passport
Make sure that all submitted documents are legible and match the information in your application form to avoid rejection or delays.
PAN Card 2.0: How to apply
Step 1: To begin your application, visit the official NSDL website: https://www.onlineservices.nsdl.com/paam/requestAndDownloadEPAN.html
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Step 2: Fill out your PAN number, date of birth, and Aadhaar data.
Step 3: Cross-check the information filled and click the checkboxes to ‘Submit’.
Step 4: Select your chosen way of receiving a one-time password (OTP), then input the OTP to authenticate your identity and proceed with the application.
Step 5: Agree to the terms and conditions and select your preferred payment method to proceed with the transaction. If you make your request within 30 days of the PAN issuance, there is no fee for up to three requests. However, if you request it after 30 days, a fee of Rs.8.26 (including GST) will apply.
